Sonangol offices in Luanda, Angola
Sonangol selects bidders for divestments
Angolan NOC selects preferred bidders—with exclusive acquisition rights—to buy partial stakes in six blocks, four of which are already in production
Angola’s Sonangol called last year for bids on portions of its equity shares in various blocks and has been evaluating the results since September. The NOC has now selected preferred bidders for its planned divestments. AIM-listed independent Afentra is in pole position for 20pc of block 3/05. A consortium comprising Namibian NOC Namcor, Euronext Access-listed Sequa and private Angolan firm Petrolog has been selected for 10pc of block 15/06. And Sonangol has opted for another consortium, consisting of private Angolan company Somoil and Africa-focused developer Sirius, for 8.28pc and 10pc stakes of block 18 and block 31 respectively. All four blocks are already in production. “The next
Also in this section
20 January 2025
The country’s oil and gas giant, KazMunayGas, is pushing ahead with a series of significant international partnerships
17 January 2025
Supply glut or supply deficit are both plausible outlooks, with tariffs and sanctions among the key risks that could swing the pendulum
17 January 2025
European Commission is on its way to meeting clean energy goals, but energy security concerns and higher costs may give it second thoughts
17 January 2025
The CEO of QatarEnergy has highlighted the potential impact a new EU directive could have on energy exports to the continent
